First Federal Savings and Loan Association in Pascagoula, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Federal Savings and Loan Association in Pascagoula, Mississippi (MS)
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First Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 30812
    Status: Active
    Federal Reserve ID: 90177
    Date Established: October 28, 1955
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5957
    FDIC's unique #: 43646
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: October 28, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 903 Jackson Ave, Pascagoula, MS 39567
    County: Jackson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
    Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
    Core Based Statistical Area (CBSA): Pascagoula, MS (#37700)
    CBSA Metro Statistical Area: Pascagoula, MS (#37700)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $268.0 mil
    Equity capital: $21.1 mil
    Deposits held in domestic offices: $176.7 mil
    Return on assets (ROA): 0.30% ($0.8 mil)
    Quarterly return on assets: 0.29% ($0.8 mil)
    Return on Equity (ROE): 3.88% ($0.8 mil)
    Quarterly return on equity: 3.64% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.29% ($777.2 mil)
    Quarterly Pretax return on assets: 0.28% ($750.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 55Total employees (full-time equivalent)
  • $267,984Total assets
  • $8,972Cash and due from depository institutions
  • $1,407Interest-bearing balances
  • $26,360Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $214,041Net loans & leases
  • $893Loan loss allowance
  • $0Trading account assets
  • $6,994Bank premises and fixed assets
  • $1,182Other real estate owned
  • $0Goodwill and other intangibles
  • $267,984Life insurance assets
  • $10,435All other assets
  • $246,879Total liabilities and capital
  • $176,717Total liabilities
  • $167,659Total deposits
  • $176,717Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $69,394Trading liabilities
  • $0Other borrowed funds
  • $768Subordinated debt
  • $21,105All other liabilities
  • $21,105Total equity capital
  • $21,105Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,105Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,541Income earned, not collected on loans
  • $0Earning assets
  • $1,066Long-term assets (5+ years)
  • $241,808Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $266,125Volatile liabilities
  • $266,939Insider loans
  • $132,431FHLB advances
  • $267,886Loans and leases held for sale
  • $4,521Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,040Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,598Restructured Loans and leases
  • $931Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,828Total interest income
  • $5,921Total interest expense
  • $6,907Net interest income
  • $248Provision for loan and lease losses
  • $510Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $410Additional noninterest income
  • $6,462Total noninterest expense
  • $3,834Salaries and employee benefits
  • $1,264Premises and equipment expense
  • $1,364Additional noninterest expense
  • $707Pre-tax net operating income
  • $68Securities gains (losses)
  • -$30Applicable income taxes
  • $805Income before extraordinary items
  • $0Extraordinary gains - net
  • $805Net income attributable to bank
  • $0Net charge-offs
  • $805Cash dividends
  • $336Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 2.44%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 3.88%Return on equity (ROE)
  • 3.88%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 73.81%Credit loss provision to net charge-offs
  • 2.84%Efficiency ratio
  • 87,124Assets per employee
  • 4.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.42%Loss allowance to noncurrent loans
  • 35.14%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 121.12%Net loans and leases to core deposits
  • 145.75%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 15.89%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $266,125Average earning assets
  • $20,746Average equity
  • $242,230Average loans

List of branches

  • 6 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043646First Federal Savings And Loan Assoc903 Jackson Ave, Pascagoula, MS 39567October 28, 1955Full Service Brick and Mortar
    22822114201 Bellview Branch4201 Bellview, Moss Point, MS 39563October 28, 1955Full Service Brick and Mortar
    1002822122601 Hwy 90 Branch1414 Highway 90, Gautier, MS 39553October 28, 1955Full Service Brick and Mortar
    1014444943905 Beinville Boulevard Branch3905 Beinville Boulevard, Ocean Springs, MS 39564September 12, 2003Full Service Brick and Mortar
    102492438Hurley BranchHway 613, Hurley, MS 39555March 03, 2008Full Service Brick and Mortar
    103492439Vancleave Branch10900 Highway 57, Vancleave, MS 39565January 14, 2008Full Service Brick and Mortar

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